How can stock-outs affect your bottom line? To begin with stock-outs will create a loss of revenue and deterioration in brand image. When it … Consumers Against Stock-Outs and How You Should Direct Supply Chain Risk Management
When it comes to spend management practices at mature, growth-minded organizations, the state of the economy should have little bearing on the strategic decisions … Spend Management for Better Procurement Practices
How often do you observe and measure your firms supporting activities. Supporting activities mean everything on the side, that helps run your business but … Supporting activities and Procurement: How to improve profit margins
Purchase Orders… No one likes them, they are annoying and can be a nuisance. (Actually that’s not true). Why? As your organization continues to grow … Why Your Accounting Systems Suck at Purchase Orders
Sometimes the system just gets in the way. Here are 6 scenarios you will only understand if you have one of those infuriating purchasing … Six Ways Your Purchasing Process Drives You Crazy
You might never have heard of Procurify. We’re just a procurement software company, another business, another voice. I don’t blame you. Before I started … Procurify – We’re Just a Procurement Software Company
Boost your internal procurement efficiency with these steps: standardize processes, set approval thresholds, reduce approval chains, and adopt cloud-based systems. Also, consider sourcing locally to expedite logistics and support the local economy.
Procurement is often a misunderstood and disregarded (unfortunately!) function of an organization. However, procurement optimization can produce a host of benefits and add tremendous value … How Procurement Optimization Adds Value to Organizations
Major shifts in the supply chain are impacting the future of procurement globally. Companies all around the world are struggling to respond to emerging … What is Procurement Intelligence and How Can It Benefit Your Business?
Within the realm of business negotiations there are two forms of negotiations you can make, depending on time and circumstance. Especially when it comes … E-Procurement and Supply Chain Management: Negotiating 101
What is your purchasing process like? If you can’t answer this question, you might be missing out on opportunities to save costs and improve … Purchasing Process: Everything you need to know (plus 3 best practices)